Temasek Holdings (Temasek)

Malaysia's markets set for rebound, ex-CIMB chief Nazir says
(May 2): Malaysia’s stock market and currency are set for a rebound from their slump following the elections almost a year ago, said Nazir Razak, former chairman of Malaysia’s second-largest bank. The country’s benchmark stock index slipped 11%, the most among Asia’s most actively-trade stock markets, while the ringgit currency lost 4.5%. The selloff came after Prime Minister Mahathir ...
Temasek to buy stake in Danish engineering firm for $2 bil
(Mar 13): Singapore state investor Temasek Holdings agreed to buy about 30% of Denmark's Haldor Topsoe A/S, the companies said, in a transaction that a source said values the engineering firm at around US$1.5 billion ($2 billion). As part of the deal, Temasek will subscribe to secondary shares issued by the Topsoe family, which currently owns 100% of the company through Haldor Topsoe Holding ...
27-year-old female CEO's startup gets near US$1 bil valuation
SINGAPORE (Feb 13): Zilingo’s path to becoming a fashion platform with a valuation approaching US$1 billion ($1.36 billion) began in December 2014 when Ankiti Bose, then an analyst at Sequoia India, chatted with a neighbour at a house party in the Indian tech capital Bengaluru. Bose, then 23, and Dhruv Kapoor, a 24-year-old software engineer at gaming studio Kiwi Inc, quickly realised they ...
Temasek ramps up pressure over Standard Chartered turnround: FT
SINGAPORE (Jan 21): Standard Chartered’s largest investor Temasek has grown frustrated with the slow pace of chief executive Bill Winters’ turnround, according to a report by The Financial Times of UK, and is stepping up pressure on the UK-listed bank ahead of his pivotal strategy update in February. The Singapore state investment company, which owns about 16% of StanChart, was reported by ...
Temasek, Uber CEO invest in urban farming startup
SAN FRANCISCO (Dec 13): Bowery Farming Inc, a two-year-old startup that uses robotics to cultivate crops indoors, is on track for more growth. The New York-based company plans to announce on Wednesday that it raised US$90 million ($123.4 million) from investors including Alphabet Inc's GV and Uber Chief Executive Officer Dara Khosrowshahi, said Bowery's co-founder and CEO, Irving Fain. The ...
SGX and Temasek's Heliconia invest in next-gen capital markets platform
SINGAPORE (Nov 8): The Singapore Exchange (SGX) and Temasek Holdings’ subsidiary Heliconia Capital Management have invested in a new blockchain-based capital markets platform. The value of the investment was not disclosed. Designed by ICHX Tech, iSTOX will connect investors with quality investment opportunities that leverage on bespoke investment structures in the form of Security Token ...
Public offer of Temasek first retail bonds just over 8 times subscribed
SINGAPORE (Oct 23): Temasek Holdings says its T2023-S$ Temasek Bond public offer was slightly over eight times subscribed. As at the close of the public offer at Tuesday 12 noon, just over $1.6 billion of valid applications were received. The total offering size of the 2.70% guaranteed notes due 2023 is up to $400 million, which comprises a $200 million placement tranche and a public offer ...
Flywire, complex payment solutions provider, raises US$100 mil led by new investor Temasek
SINGAPORE (July 27): Flywire, a company that solves complex payment problems for major businesses and institutions, has raised US$100 million ($136.1 million) in new venture funding led by Temasek Holdings. The Series-D round was also joined by existing US-based Flywire investors including Bain Capital Ventures and F-Prime Capital. Flywire has processed over US$8 billion for over 1,400 ...
Khazanah Nasional's entire board of directors resigns
SINGAPORE (July 26): Malaysia’s strategic investment fund, Khazanah Nasional Berhad, saw a major shake-up this morning, after all nine of its board members tendered their resignation, including managing director Tan Sri Azman Mokhtar. The other board members are Datuk Seri Nazir Razak, Tan Sri Md Nor Md Yusof, Tan Sri Mohamed Azman Yahya, Datuk Mohammed Azlan Hashim, Tan Sri Andrew Sheng Len ...
GIC flags lower long-term returns in tough investment climate
SINGAPORE (July 13): Singapore sovereign wealth fund GIC has trimmed its exposure to developed market equities such as US stocks over the past year on high valuations, and cautioned it expects lower long-term returns in an uncertain investment climate. GIC - ranked as the world's No.8 sovereign investor with US$390 billion ($532 billion) worth of assets according to Sovereign Wealth Fund ...